Cerberus Aims To Raise $200M In Freedom IPO

Law360, New York (October 21, 2009, 4:08 PM EDT) -- Private equity firm Cerberus Capital Management LP has announced plans to hold a $200 million initial public offering for gun and ammunition maker Freedom Group Inc.

In a filing with the U.S. Securities and Exchange Commission on Wednesday, Cerberus said it would sell an undisclosed number of shares in the company as soon as practicable after its registration statement becomes effective.

Cerberus formed the predecessor company to Freedom in order to acquire Bushmaster Firearms. Since then, Freedom has acquired Remington Arms, DPMS Firearms and Marlin Firearms....
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